I'm not bearish on the naz, at least the stocks I am invested in anyway. I am bearish on enterprise software with the exception of collaboration/netmeetings, I like AMD, the nets incl. ASKJ, and the networking companies. I was waiting for the seasonal weakness to add, and it isn't happening. The orders coming in to the SCEs like applied are quite significant. These are global companies after all so the Chinese growth story is hitting their bottom line.
From a general economic perspective though, NO JOBS, which means no taxes coming in, so Bush better cut spending immediately.
As soon as Bush either becomes a lame duck, or Wesley Clark or some other shoo-in for the dems announces candidacy or the dems firm up on their message, things will start looking a little brighter those are my thoughts.
I don't know lurqer, the truth is the clown thread guys and yourself clearly know more about global economic patterns, currency issues, macro economic stuff than me. I am purely an SV-centric company evaluator. So stuff like these global meltdowns I will hardly ever see coming. Business is not bad in SV right now though, I know that. Jobs are bad, but that is a different matter.
I can't see how Bush survives the mess he has made though. Thats why I told AS to focus on producing a winnable team in 04, somebody who can win a general election vs. causing fragmentation in the dem party. Howard Dean as a VP might be a good choice, but not for pres, imho. |
